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We study the valuation of variable annuities for an insurer. We concentrate on two types of these contracts that are the guaranteed minimum death benefits and the guaranteed minimum living benefits ones and that allow the insured to withdraw money from the associated account. As for many...
Persistent link: https://www.econbiz.de/10010821370
In this paper, we work on indifference valuation of variable annuities and give a computation method for indifference fees. We focus on the guaranteed minimum death benefits and the guaranteed minimum living benefits and allow the policyholder to make withdrawals. We assume that the fees are...
Persistent link: https://www.econbiz.de/10010899322
Ecosystem services are the functions performed by ecosystems that lead to desirable environmental outcomes, such as air and water purification, drought and flood mitigation, and climate stabilisation. Markets rarely exist for them. This study examines how newly defined property rights have been...
Persistent link: https://www.econbiz.de/10005407849
This papers examines the activities and operations of the first publicly listed company in Australia with wildlife conservation as its primary goal. Earth Sanctuaries Ltd (ESL) is the first publicly listed company in Australia with wildlife conservation as its primary goal. Its focus to date is...
Persistent link: https://www.econbiz.de/10005556135
„h Many resource users undertake actions that conserve biodiversity. If, however, there were public demand for more conservation than would be provided voluntarily by the private sector alone, there are two broad principles for determining who should bear the costs ¡X ¡¥impacter pays¡¦ or...
Persistent link: https://www.econbiz.de/10005118915
What does governance mean for the World Bank and to what extent does the organization succeed in diffusing the paradigm … worldwide? The World Bank primarily focused on economic aspects of governance in the 1980s, and progressively moved to its … knowledge on this specific issue. The potential influence of the World Bank's main governance indicators: Country Policy and …
Persistent link: https://www.econbiz.de/10009278331
This paper analyses the relationships between environmental compliance, corruption and environmental regulations in the case of forestry. Using a Principal-Agent model, we highlight interrelationships between firm's environmental non-compliance and corruption conditioned to the efficiency of the...
Persistent link: https://www.econbiz.de/10008805099
What does governance mean for the World Bank (WB) and how far does the organization influence the world community with … this concept? The World Bank primarily focused on economic aspects of governance in the 1980s and progressively moved to … 'good governance' concept are explored. As well as networking, which contributes to the promotion of its worldwide influence …
Persistent link: https://www.econbiz.de/10008805929